Atos Gets French Offer for Units as Cash Needs Rise
- State made non-binding bid for supercomputer, other businesses
- Atos is now seeking €1.7 billion in cash to avoid insolvency
The Atos headquarters in Paris.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
Atos SE said the French government stepped in with a bid for the embattled IT company’s most strategically important businesses after it was forced to raise the amount of cash it needs to avoid insolvency.
France made a non-binding offer to acquire operations including the company’s supercomputer and cyber products businesses, in a deal valuing those parts at between €700 million ($750 million) and €1 billion, Atos said in a statement on Monday.